339,846 CSX Corporation $CSX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its position in shares of CSX Corporation (NASDAQ:CSX) by 84.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,779 shares of the transportation company’s stock after selling 339,846 shares during the quarter. Jefferies Financial Group Inc.’s holdings in CSX were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CSX. Archer Investment Corp bought a new stake in CSX in the second quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of CSX in the second quarter worth about $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of CSX in the second quarter worth about $29,000. Covestor Ltd lifted its position in shares of CSX by 51.7% in the third quarter. Covestor Ltd now owns 619 shares of the transportation company’s stock worth $29,000 after buying an additional 211 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of CSX during the 2nd quarter worth about $30,000. Institutional investors own 73.57% of the company’s stock.

Insider Activity

In other news, Director John Zillmer sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $51.24, for a total transaction of $999,180.00. Following the sale, the director directly owned 334,214 shares in the company, valued at approximately $17,125,125.36. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

CSX Stock Up 1.0%

Shares of CSX opened at $52.40 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.75 and a current ratio of 0.84. The company has a 50-day simple moving average of $48.92 and a 200-day simple moving average of $46.18. CSX Corporation has a 52 week low of $33.63 and a 52 week high of $53.60. The firm has a market capitalization of $96.59 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.27 and a beta of 1.12.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. CSX had a return on equity of 25.94% and a net margin of 23.97%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that CSX Corporation will post 2.06 earnings per share for the current year.

CSX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analysts Forecast Growth

CSX has been the topic of a number of analyst reports. Wall Street Zen lowered CSX from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Deutsche Bank restated a “buy” rating and issued a $59.00 target price on shares of CSX in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $54.00 target price (up from $53.00) on shares of CSX in a research report on Thursday, October 22nd. Argus set a $56.00 target price on shares of CSX in a report on Friday, July 31st. Finally, Barclays reaffirmed an “overweight” rating and issued a $60.00 target price (up from $55.00) on shares of CSX in a report on Thursday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.20.

CSX Profile

CSX Corporation is a freight transportation company that operates one of the largest rail networks in the eastern United States. Its rail system serves customers across much of the eastern U.S., as well as parts of Canada, and connects with other railroads and ports. CSX transports a broad range of goods, including chemicals, agricultural and food products, automobiles, minerals, forest products, coal and intermodal freight. Its services include rail transportation, intermodal shipping that combines rail and truck transport, and related logistics and supply-chain services.